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Consider the following statements regarding National Mineral Exploration Trust (NMET):
- NMET is a statutory body setup under the Mines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA)
- Governing Body of NMET is chaired by the Union Minister of Mines.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding National Mineral Explorati...
And Regulation) Amendment Act, 2015.
- NMET is mandated to conduct detailed exploration of minerals in India and promote exploration activities.
- The trust is funded through contributions made by mining lease holders in India.
- The funds collected by NMET are utilized for financing exploration projects, research and development activities, and capacity building.
- The trust is managed by a board of trustees, headed by the Secretary of the Ministry of Mines.
- The aim of NMET is to reduce India's dependence on imported minerals and increase the country's mineral production.
All of the above statements regarding National Mineral Exploration Trust (NMET) are correct.
- NMET is mandated to conduct detailed exploration of minerals in India and promote exploration activities.
- The trust is funded through contributions made by mining lease holders in India.
- The funds collected by NMET are utilized for financing exploration projects, research and development activities, and capacity building.
- The trust is managed by a board of trustees, headed by the Secretary of the Ministry of Mines.
- The aim of NMET is to reduce India's dependence on imported minerals and increase the country's mineral production.
All of the above statements regarding National Mineral Exploration Trust (NMET) are correct.
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Consider the following statements regarding National Mineral Explorati...
Recently, the Government has sanctioned ₹154.84 crore to National Mineral Exploration Trust (NMET) for mineral exploration and boosting capabilities.
- What is it? NMET is a Trust set up as a non-profit body by the Central Government for the purposes of regional and detailed exploration of minerals using the funds accrued to it and in such manner as prescribed by the Central Government.
- Act: The Mines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) mandated the setting up of the NMET.
- Structure: NMET has a two tier structure.
- The apex body is the Governing Body, chaired by the Hon’ble Minister of Mines. It holds the overall control of the Trust.
- The Executive Committee, chaired by the Secretary, Ministry of Mines, administers and manages its activities.
- Funding: To implement mandated activities an NMET Fund has been established. The NMET Fund receives money from holders of mining lease or a prospecting license-cum-mining lease, an amount equivalent to two percent of royalty paid in terms of the Second Schedule of the MMDR Act.
Functions of NMET:
- funding special studies and projects designed to identify, explore, extract, beneficiate and refine deep-seated or concealed mineral deposits;
- undertaking studies for mineral development, sustainable mining, adoption of advanced scientific and technological practices and mineral extraction metallurgy;
- detailed and regional exploration for strategic and critical minerals
- facilitating geophysical, ground and aerial survey and geochemical survey of obvious geological potential areas and rest of India;
- capacity building of personnel engaged in mineral exploration
- facilitating a national core repository for encouraging research in earth sciences and for evaluation of the mineral prospects;
Hence both statements are correct.
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Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National Mineral Exploration Trust (NMET): NMET is a statutory body setup under theMines and Minerals (Development & Regulation) Amendment Act, 2015, (MMRDA) Governing Body of NMET is chaired by the Union Minister of Mines.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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